Energy Switch' discusses the Arctic's new energy production risks(opens in a new tab)
The Arctic contributes 10% of global oil and 25% of U.S. gas, but new energy production in the region may be too expensive and pose environmental risks.
Event
Arctic Exploration Gains Momentum Amid Production Risk Concerns
Geological assessments have identified prospective oil and natural gas deposits in Arctic basins surrounding the island, driving renewed exploration activity. However, a recent report cautions that increased production could be costly and pose environmental risks, noting that the Arctic contributes about 10% of global oil and 25% of U.S. gas.
Coverage
Arizona PBS Oil & Gas 360 Arctic exploration returns to focus(opens in a new tab)
Geological assessments have identified prospective oil and natural gas deposits in Arctic basins surrounding an island, signaling renewed focus on exploration in the region.